Where Wall Street Thinks Encana Could Trade in 2018



Analysts’ recommendations for Encana

As of January 26, 2018, Reuters reported that 29 analysts gave recommendations on Encana (ECA). Of the analysts, 31.0% have a “strong buy,” 51.7% have a “buy,” 13.8% have a “hold,” and 3.5% have a “sell” recommendation on Encana. There weren’t any “strong sell” recommendations on the stock.

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Median target price

The median target price on Encana stock is $16.00, which is ~20% higher than its closing price of $13.36 on January 26, 2018.

Target price changes for Encana

In the past month, Encana stock’s median target price increased from $14.50 to $16.00.

Other oil and gas producers

Based on the median target prices from Wall Street analysts, oil and gas companies Diamondback Energy (FANG) and CNX Resources (CNX) have potential upsides of ~10% and ~23%, respectively, from their closing prices on January 26. Range Resources (RRC) has a potential upside of ~63%.  CNX Resources and Range Resources are mainly natural gas (UGAZ) producers.


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